The deal that saw Declan Rice join Arsenal from West Ham United in the summer of 2023 remains the most expensive transfer in Arsenal's history.
After moving for a fee of €116.6 million, Rice has taken his game to a new level at Arsenal and has become one of the best players in the Premier League.
He was part of the Arsenal team that won the title in 2025/26, while he also helped the club reach the UEFA Champions League final.
This summer's acquisition Bruno Guimaraes is Arsenal's second most expensive signing, but Gunners fans will have to wait to see him in action after he suffered an injury before the start of the new campaign.
Nicolas Pepe remains prominent on the list following his big-money move from Lille in 2019, while the top five is completed by title-winners Kai Havertz and Martin Zubimendi.
Eberechi Eze and Viktor Gyokeres feature in the top 10 alongside recent signing Ezri Konsa, who will compete for a place in the back four after arriving from Aston Villa.